Sensex up marginally amid cautious trades

Last Updated: Mon, Dec 10, 2012 06:26 hrs
BSE Sensex, Nifty hit 2-year lows

The market remains quite subdued amid lackluster trades this morning with investors not showing any big interest in picking up stocks. Metal, consumer durables, FMCG and oil stocks are mostly subdued.

Realty stocks are steady. Healthcare, power, automobile and bank stocks are trading mixed. Information technology stocks are mostly trading flat.

At 19,439.35, nearly 40 points off the day's high of 19478.01, the Sensex is now up 15.25 points or 0.08% from its previous close. The Nifty index of the National Stock Exchange is up 5.65 points or 0.07% at 5911.75.

HDFC is trading higher by over 2%. HCL Technologies, Cipla, DLF, Reliance Infrastructure, Bank of Baroda, Wipro and Hindustan Unilever are up 1% - 1.8%.

BHEL, Tata Steel, GAIL India, ACC, Kotak Bank, Tata Motors, Hero Motocorp, Coal India and Infosys are also trading higher.

Sesa Goa and IDFC are down 2.4% and 2.3%, respectively. Cairn India, Hindalco, Tata Power, Tata Consultancy Services, ITC, Bharti Airtel, Mahindra & Mahindra and Ultratech Cement are also trading notably lower.

Federal Bank, up 5.8%, is the top gainer in the Junior Nifty index. Torrent Power has notched up a gain of 5.7%. United Spirits, Power Finance Corporation, Reliance Communications, Reliance Capital, Indian Hotels, Glenmark Pharmaceuticals, Biocon, Tata Chemicals, SAIL, Union Bank of India and GMR Infrastructure are up with sharp to moderate gains.

Titan Industries, Mphasis, Bhart Forge, Ashok Leyland, Zee Entertainment, Dabur India, Idea Cellular, JSW Steel, Crompton Greaves, LIC Housing Finance and Adani Ports are all trading weak.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), domestic car sales declined 8.25% to 158,257 units in November this year compared to 172,493 units in the same month last year. Motorcycle sales went up marginally to 867,518 units from 8,67,088 units in November, 2011.

While two two-wheeler sales rose 1.23% in November, total sales of commercial vehicles were down by 7.31% to 61,410 units from 66,254 units in the year-ago period, SIAM said. Total sale of vehicles across categories registered an increase of around 1.8%.

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